: About The Ministry of Finance

The Ministry of Finance performs a variety of roles, all focused on supporting a strong economic, fiscal and investment climate for Ontario, while ensuring accountability with respect to the use of public funds.

Functions

As a central agency within the government, the ministry:

provides key fiscal, taxation and economic policy advice and support to the Minister of Finance, Cabinet and the Premier

promotes the principles of modern controllership within the Ontario Public Service and accountability for the use of public funds in all Ontario public sector institutions, including universities, hospitals and school boards

administers most of the province's major tax statutes as well as a number of tax credit, incentive and benefit programs

promotes the integrity of the province's self-assessing tax system by encouraging compliance through taxpayer education and customer service, while discouraging non-compliance through enforcement activities.

implements the recommendations of the Premier's Advisory Council on Government Assets to allow the government to continue to maximize the performance of Ontario business enterprises, including continued public ownership of the LCBO, Ontario Power Generation and 40 per cent of Hydro One.

Improved Services

At the Ministry of Finance we continuously address the changing needs of Ontario's tax clients and have made it simpler for Ontario businesses to comply with their tax obligations. Businesses will now find themselves more connected and dealing with less paper.

To obtain the most current version of this document, visit ontario.ca/finance and enter 1994 in the find page field at the bottom of the webpage or contact the ministry at 1 866 668-8297 (1 800 263-7776 for teletypewriter).